BUSI 3250 Auburn Exam 1 | 2023 | 70 Questions with 100% Correct Answers | Updated & Verified
an international company (IC) is a company headquartered in another nation
As used in the text, the term environment means all the forces influencing the life and development of the firm
lobbyists who ad...
1). An international company (ic) is a company headquartered in another nation
Ans: false
2). As used in the text, the term environment means all the forces influencing the life and
development of the firm
Ans: true
3). Lobbyists who advocate for new laws that will affect the production of a business are an
example if an internal force
Ans: false
4). Those who work in the international environment find that decision making is more complex
than it is in a purely domestic environment
Ans: true
5). Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the united states in the 1800s
Ans: false
6). The advent of globalization has had minimal effect on labor standards around the world
Ans: false
7). Opponents of free trade point out that globalization has contributed to a decline in
environmental and health conditions
Ans: true
8). What is an example of an internal force that can affect a company's environment
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, Ans: human resources
9). Gabriel industries is located near a port city which allows it to ship products easily overseas
to its international customers. the geographic location of the company is an example of
a(n)
Ans: external force
10). Which of the environments associated with a company refers to the uncontrollable forces
originating outside the home country?
Ans: foreign
11). The proportion of world trade coming from north america, latin america, africa, and the
middle east has decreased since 1983
Ans: true
12). Thanks in part to communication advancements, international trade has stabilized and
become evenly distributed across all countries of the world
Ans: false
13). The vast proportion of outward fdi, about two-thirds, originates from the developed
countries
Ans: true
14). Internalization theory suggests that when an organization has superior knowledge, it may
obtain a better price by selling it to the open market
Ans: false
15). The dynamic capability theory states that for a firm to invest overseas, it must have three
kinds of advantages: ownership specific, internalization, and location specific
Ans: false
16). Since 1983, the proportion of world trade coming from the united states has
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